Keno technology shareholder is subject to issue

A stone stirred thousands of waves, after the media tracking reports, the Keno Technology (600398) Shareholder's proposal aroused the strong concern of investors. At present, there are divergent views on the proposal, "there is praise and play". The pros believe this is a move by shareholders to defend their interests. But there is also the view that this is behind the scenes of the capital manufacturing topic, so that the price rose at the same time the opportunity to pull high shipments, "cheat" later chasing high investors "into the urn." From the recent transactions of the science and technology of Keno, there are indeed signs of the high floating capital fleeing.　　People familiar with capital operations believe this could be a "farce" of high delivery.　　The second largest shareholder continues to be on the list of sponsors of the proposal, the second largest shareholder of the technology has previously continued to sell shares in the company. The reporter consulted the list of the shareholders of the science and technology calendar year, and found that Chen Colli in the fourth quarter of 2009. The 2009 annual report showed that Chen Colli held 3.6026 million shares of the Keno technology, accounting for only 0.56% of total equity.　　By the end of last year, Chen Colli began a non-stop increase in the second quarter of the stake to 1,600 260,000 shares, the last year, Chen Colli held the highest number of shares, holding 19.5 million shares of the science and technology, accounting for 3.02% of total Equity, ranked second largest shareholder seats.　　As for the shareholders of another She Shiwa, because the proportion of their shares did not reach the number of the top ten shareholders, so the introduction of their holdings is not disclosed.　　In fact, the company has experienced multiple equity expansions and dividend allocations before Chen Colli holds the Keno technology. According to wind information, since the IPO in 2000, the total share capital of the science and technology has expanded from 96.7 million shares to the current 646.6 million, and the circulation shares have increased from 45 million shares to the current 543.36 million shares.　　In the more than 10-year market, Keno technology has been changing the share capital 11 times, involving 8 of total changes in equity. In terms of dividends, since the listing of the Keno science and technology accumulated dividends 9 times, in addition, the cumulative net profit of 983 million yuan, cumulative total dividend amounted to 269 million yuan. The latest dividend was published in the 2008 Annual report, when the company achieved net profit of 9,176, 500,000 yuan, a significant decline of nearly 40%, but the company still intends to all shareholders 10 shares to distribute cash dividend 0.50 yuan (including tax).　　According to wind information statistics, the total dividend of the year was 32.33 million yuan, and this dividend is the largest amount of dividends before 2010.　　Good shipping?　　During the publication of the proposal, the market trend of the science and technology of Kano was very sharp. On March 15 and 16th, the stock rose rapidly within two days of the market's fear of radiation, hitting a new high since its debut, the Star stock.　　But after the news became clearer and worries eased, the stock fell in a row, disappointing the money that had been killed. And in this sensitive period, the PromoterInitiative, the proposal to increase the number of "10 to 10 units" in the distribution programme.　　Coincidentally, shortly after the proposal was announced, the stock price staged a "salted fish". In the March 24 transaction, the Keno technology first to 6.32% large, after hesitating for 10 minutes, the huge amount of money to kill, the capital, the unit soon stood on the trading board, became a rare stock trading, the whole day turnover rate of 13.15%,　　Turnover reached 501 million yuan, close, there is still a huge amount of pay seal up, the same day sealed the trading board. The stock price rises, just gives the hot money to lend the good opportunity to ship.　　March 24 of the transaction, the shares sold four of the floating capital from Shenzhen, a Dongguan, which sold the most is the state letter securities Shenzhen Red Ridge Road Sales Department, the sale amount of 25.2464 million yuan. Interestingly, the business department in the March 16 also boarded the Billboard technology, the day the sales department is 24.3626 million yuan to buy the amount of the first place in the buy seats. From the plate, the sales department on 16th to buy shares, then even fell, is obviously a quilt.　　Now good to come out, a rally under the right solution, single from the amount of entry and exit, it seems that the business sales capital was locked 6 days after the trading day, but also to earn nearly million, also known as "Black Chicken changed Phoenix." And in yesterday's transaction, many empty both sides evenly, the turnover obviously enlarges.　　Data show that the volume of the shares from March 22 284,634, increased to the close of yesterday's 1,425,762 hands, the turnover rate from 5.24% to 26.24%.　　Analyst: High transfer of "farce" for the high transfer of science and technology proposal, some analysts think it may be a cheat on retail shareholders "farce."　　Li Changan, an associate professor of business and economics, said in the public media that the distribution plan, whether or not it was actually made by small shareholders, at least many investors understand that, in the face of distribution plans announced by listed companies, small and medium investors are not powerless, we can also put forward their own satisfactory distribution plan. But there are also analysts to this objection, that the market is looking for high send turn, the intention is to optimistic about the performance of listed companies high growth. For example, a few years ago, suning appliances, after years of high transfer and high performance growth, its share price has always been able to remove the right to fill. However, for the science of Keno, net profit grew less than 10% last year and its growth was only general. Therefore, for such a company, even if the real 10 to send 10, after the stock right, the investor account is only a lot of stock. The person said that if there is no sustained high growth, share prices are difficult to fill, market capitalisation will not increase, so high transfer is only false positive.